A Firm Has £300 in Inventory,£600 in Non-Current Assets,£200 in Accounts

question 53

Multiple Choice

A firm has £300 in inventory,£600 in non-current assets,£200 in accounts receivables,£100 in trade payables,and £50 in cash.What is the amount of the current assets?

• A)£500
• B)£550
• C)£600
• D)£1,150
• E)£1,200

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Definitions:

Villi

Small finger-like projections that line the intestine, increasing its surface area for absorption of nutrients from digested food.

Lingual Lipase

An enzyme secreted by the glands in the tongue that begins the digestion of lipids (fats) in the mouth.

Olfactory Epithelium

Epithelium of the olfactory recess containing olfactory receptors.

Nasal Cavity

The large air-filled space behind the nose, involved in breathing, smell, and mucus production to filter air entering the respiratory system.